Banking

UBS

UBS, Switzerland’s biggest bank, recently agreed to purchase Credit Suisse in a move that aims to contain the panic that ensued after two American banks collapsed earlier this month. This unique acquisition has sent shockwaves throughout the banking industry and ..

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India to allow NRIs to Use UPI

The National Payments Corp. of India (NPCI) has made a significant move that allows Indians abroad to use the fast payments network Unified Payments Interface (UPI) as long as their domestic bank accounts are linked to their foreign mobile numbers. ..

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RBI’s Proposed “Expected Loss-Based Approach” for Provisioning by Banks

The Reserve Bank of India (RBI) recently proposed a framework for the adoption of an expected loss-based approach for provisioning against loan loss by banks in India. Background Presently, banks in India are required to make loan loss provisions based ..

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Banking System Liquidity turns to deficit mode

Banking system liquidity has turned into a deficit mode for the first time since May 2019. Key facts On September 20 this year, the banking system liquidity situation has turned into deficit mode of Rs.21,873.4 crore. On the same day ..

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Why did RBI direct HDFC bank to stop its Digital Launches?

The Reserve Bank of India recently asked the HDFC bank to temporarily stop all its launches under its Digital 2.0 programme. Why did RBI take action against HDFC bank? The RBI issued the order with regard to outrages against the ..

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IFSC submits its report on Capital Market to IFSCA

IFSC International Retail Business Development Committee has presented its final report to IFSCA on November 11. The final report has recommendations on Capital Markets. The committee also made recommendations for the development of IFSC. Before this, the committee has submitted ..

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